Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/JPY reversed from support zone
- NZD/JPY reversed from support zone
- Next buy target - 77.50
NZD/JPY recently reversed up from the support zone lying between the key support level 76.20 (which has been reversing the price from the middle of November) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. NZD/JPY is likely to rise further toward the next buy target at the next resistance level 77.50.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.